Saal, MatthewStarnes, SusanRehermann, Thomas2018-09-062018-09-062017-08https://hdl.handle.net/10986/30368A digital transformation is taking place in the financial services industry, with a host of non-bank innovators offering both customer facing and back office financial technology products and services. This transformation includes emerging market economies, and in many places offers a viable digital alternative to traditional banks, which have left significant populations underbanked. This note explores the challenges and opportunities that financial technology innovations present for banks in these nations.CC BY-NC-ND 3.0 IGODIGITAL FINANCEEMERGING MARKET ECONOMIESFINANCIAL SERVICESFINANCIAL TECHNOLOGYNON-BANK FINANCIAL INSTITUTIONSFINANCIAL INCLUSIONSME FINANCESMALL AND MEDIUM ENTERPRISESFINTECHBANKING SYSTEMBriefInternational Finance Corporation10.1596/30368